MABS, the Money Advice Budgeting Service, was established by the Department of Social, Community and Family Affairs in 1992, and now there are over 50 offices nationwide.
Who can the service help?
MABS provides a free and confidential money management and advice service to everyone. Its main purpose is to assist people in dealing with their existing debt difficulties and to help them manage their finances.
If you have:
Lost your job
A low income
Fallen behind in loan repayments
Suffered a bereavement
…and find it difficult to make ends meet.
What does MABS do?
Assists a client in devising a suitable budget plan.
Negotiates with creditors including credit unions.
Gives advice and support to people with financial difficulties.
Works in partnership with the credit unions.
Provides ongoing support to people who successfully overcome their financial difficulties.
Talks can be organised for groups on money management, budgeting skills and other related issues.
The Special Account Scheme is a bill paying service operated in partnership between you, your Money Advice and Budgeting Service and Credit Union.
A client opens a Special Account with their local credit union and lodges an agreed amount ever week/month.
The money is distributed by MABS to various creditors on a monthly basis.
Advantages of Special Account Scheme
Service is free Local and convenient
Introduction to savings
User and Creditor orientated
Introduction to low interest borrowing
All creditors catered for
If you find yourself in debt
Do not ignore the problem; it will not go away
Take immediate action
Contact your local Money Advice and Budgeting Service
What you can expect from MABS
A free service, a professional and efficient service
To have your confidentiality respected
To be listened to in a non-judgemental manner
To act on your behalf and with your consent
To have your options explained fully so that you can make your own decision